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Most newcomers play with crypto with the aim of getting rich quick, not interested in the financial revolution, let alone blockchain technology.
is it really like that in reality? is it normally like that? and I'd really like your opinion.
How cryptocurrency is moving really affects the mindset of every investor right?
What if Stocks in the Stock Market are moving the same as crypto, will they just prefer investing into stocks compare to crypto because it's safer and it can make an investor rich in a quick way.
This is what volatility can do to ones mind. Because of the volatility of cryptocurrencies, people always think that if they will buy now and just wait, there is a high chance that they will earn money faster because it's volatile. It price move faster than other assets thus, they will get rich faster.
Bitcoin and other coins are being treated as an asset by most of the investors and that's the fact and that's a problem because they don't care about the technology behind it as long as they will earn money. As a matter of fact, that "Get rich quick" mindset will just make the beginner investor lose money more than what they can earn because they have a higher chance of getting scammed. As for the OP's question, at least don't stereotype all of the beginners because there are still some beginners who has a different goal when they invest into cryptocurrency.